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today the inmates are truly running this asylum, and no deal for you. media mogul rupert murdoch abandons his bid to control one of the world's largest tv networks. ahead, why one senator believes the phone hacking scandal will definitely hit murdoch's american empire. and terror strikes one of the world's financial centers. who is behind three large coordinated explosions that turned city streets into a scene of utter carnage? we're live with the very latest. we are just an hour away from today's latest round of debt talks with growing pessimism setting the stage for a long shot republican escape hatch. in a sign of just how fractured the gop has become, senate republican leader mitch mcconnell has proposed giving the president sweeping new powers to lift the debt limit absent of any congressional approval. administration officials and senate majority leader harry reid praised mr. mcconnell for showing a serious effort to avoid a default. >> he's spent a great deal of time working on this, senator mcconnell did. i commend him for his thoughtful and unique proposal. it's somethin
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